Teacher Retirement System of Texas Reduces Stake in EMCOR Group, Inc. (NYSE:EME)

Teacher Retirement System of Texas lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,416 shares of the construction company's stock after selling 22,726 shares during the period. Teacher Retirement System of Texas owned about 0.20% of EMCOR Group worth $33,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EME. Continuum Advisory LLC boosted its holdings in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group in the fourth quarter worth $40,000. Summit Securities Group LLC purchased a new position in shares of EMCOR Group in the fourth quarter valued at $45,000. Park Square Financial Group LLC purchased a new position in shares of EMCOR Group in the fourth quarter valued at $48,000. Finally, True Wealth Design LLC raised its stake in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $3.20 during trading on Monday, hitting $550.42. 480,982 shares of the stock traded hands, compared to its average volume of 514,435. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 24.32 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $553.97. The firm's fifty day moving average is $474.05 and its 200-day moving average is $441.49.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.17 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.18%. EMCOR Group's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. UBS Group started coverage on shares of EMCOR Group in a research note on Friday, June 13th. They issued a "buy" rating and a $570.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $518.00.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer owned 208,989 shares of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.